Misys and Temenos agree key merger terms

Another big merger on the way: Misys, which just merged with Sophis not even a year ago, is looking to unite forces with Temenos. As with every merger I have seen in my life, both confirm that both flagship products ("BankFusion" and "T24") will be maintained. However, it will be interesting to see what will happen with other products in the portfolio, e.g. ActisBSP.

Structured Products Europe Awards for Excellence 2007

These are the results of the "Structured Products Europe Awards for Excellence 2007", announced by the "Structured Products" magazine:

Structurers
House of the year Europe - Barclays Capital
Equity derivatives house of the year - BNP Paribas
Commodities house of the year - Barclays Capital
Credit house of the year - BNP Paribas
Foreign exchange house of the year - HSBC
Hedge funds house of the year - Barclays Capital
Interest rates house of the year - BNP Paribas
Hybrids house of the year - Barclays Capital
Structured Funds house of the year - Merrill Lynch

Specialist awards
Index provider of the year - Standard & Poor’s
Technology provider of the year - Misys
Independent valuation provider of the year - Future Value Consultants
Exchange of the year - Scoach

Country awards
Best in Benelux - ABN Amro
Best in Central and Eastern Europe - Raiffeisen Centrobank
Best in France - Crédit Agricole Group
Best in Germany - Commerzbank
Best in Ireland - Ulster Bank
Best in Italy - BancoPosta
Best in the Nordic region - RBS Global Banking & Markets
Best in Spain - BBVA
Best in Switzerland - NPB New Private Bank
Best in the UK - RBS Global Banking & Markets

Interesting: MiSys won the "Technology provider of the year" title. As the press release says, "The judges of the Structured Products award highlighted the flexibility and speed to market of the Misys Summit MUST (Multi-Underlying Structured Trade) solution and focused on the new bonds-trading capability which had been jointly developed by Misys and leading German banking group, KfW."